Technicas and Petrofac win gas plant contract

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Technicas and Petrofac win gas plant contract

Spain’s Tecnicas Reunidas and Britain’s Petrofac have been awarded contracts worth $4.7bn to build the Fadhili gas plant in Saudi Arabia for state oil company Saudi Aramco, industry sources revealed on Tuesday, 15 September, 2015.

“They received notification last week; a letter of intent,” said one of the sources, who declined to be identified as the information isn’t public.

Petrofac and Tecnicas declined to comment. While, Saudi Aramco said it does not comment on its business plans, Arabian Business reported.

Aramco’s decision to move ahead with the project at Fadhili is a sign that Saudi Arabia continues to make big investments – despite the plunge in oil prices since last year.

The new plant will have a processing capacity of 2.5billion standard cubic feet per day (scfd) of sour gas from the onshore Khursaniyah and offshore Hasbah fields.

The project is split into three construction packages for the gas processing unit, utilities and offsite facilities such as nitrogen, steam, power and water systems, and sulphur recovery.

Tecnicas bid for two of the packages on its own, and for the third in conjunction with South Korea’s GS Engineering and Construction, according to a second industry source.

The Spanish firm won the two packages in which it bid solo: for the gas processing unit and the utilities and offsite, the first industry source and a separate source revealed.

Three sources confirmed that Petrofac won the package for sulphur recovery.

Link and Source: Construction Week Online

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.